Chant Foundation
Chant Foundation's assets have plummeted to $1, with minimal recent revenue and expenses.
EIN: 208039356 · Reno, NV · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19 |
| Total Expenses | $188 |
| Net Assets | $0 |
| Transparency Score | 10/100 |
Is Chant Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chant Foundation
Chant Foundation (EIN: 208039356) is a nonprofit organization based in Reno, NV, classified under NTEE code Q33. The organization reported total revenue of $19 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chant Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chant Foundation is a micro nonprofit that has been operating for 16 years, with 7 years of IRS 990 filings on record (2011–2021).
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $19 |
| Total Expenses | $188 |
| Surplus / Deficit | $-169 |
| Total Assets | $1 |
| Total Liabilities | $1 |
| Net Assets | $0 |
| Operating Margin | -889.5% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2021, Chant Foundation reported a deficit of $169 with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +1800.0% | +1780.0% | -100.0% |
| 2020 | -100.0% | -99.9% | -85.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chant Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Chant Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $169, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating no salaries paid to officers. This suggests a volunteer-run organization or one with no paid executives, which is positive for minimizing overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chant Foundation's IRS 990 filings:
- Dramatic decline in assets from $376,973 in 2011 to $1 in 2021, without clear explanation.
- Extremely low revenue ($19) and assets ($1) in the most recent filing (2021), suggesting potential dormancy or operational issues.
- Expenses ($188 in 2021) significantly exceed revenue ($19) in the latest period, indicating a deficit operation.
- Lack of detailed expense breakdown in provided data makes it impossible to assess spending efficiency.
Strengths
The following positive indicators were identified for Chant Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive salaries.
- History of regular IRS 990 filings, demonstrating a commitment to transparency in reporting.
Frequently Asked Questions about Chant Foundation
Is Chant Foundation a legitimate charity?
Chant Foundation (EIN: 208039356) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 10/100. It has 7 years of IRS 990 filings on record. Total revenue: $19. 4 red flags identified. 2 strengths noted. Financial health grade: D.
How does Chant Foundation spend its money?
Chant Foundation reported $19 in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chant Foundation tax-deductible?
Chant Foundation is registered as a tax-exempt nonprofit (EIN: 208039356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chant Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Chant Foundation is below average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chant Foundation located?
Chant Foundation is headquartered in Reno, Nevada and files with the IRS under EIN 208039356. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Chant Foundation have?
Chant Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19 in total revenue.
What happened to the significant assets (over $376,000) reported in 2011-2012, which are now only $1?
The provided data does not specify the reason for the drastic reduction in assets from over $376,000 in 2011-2012 to $1 in 2021. This would require further investigation into the organization's financial statements.
Is Chant Foundation still actively operating given its extremely low revenue ($19) and assets ($1) in 2021?
The extremely low financial figures in 2021 suggest that the organization may be dormant or operating at a minimal capacity. Its ability to conduct significant programmatic activities with such limited resources is questionable.
How were the expenses of $188 in 2021 allocated, specifically between program, administrative, and fundraising costs?
The provided data does not offer a breakdown of the $188 in expenses for 2021, making it impossible to determine the allocation between program, administrative, and fundraising costs.
Filing History
IRS 990 filing history for Chant Foundation showing financial trends over 7 years of public records:
Total assets decreased by 100% over the same period, from $377K to $1. Total functional expenses fell by 75.7%, from $773 to $188. In its most recent filing year (2021), Chant Foundation reported a deficit of $169, with expenses exceeding revenue. The organization holds $1 in liabilities against $1 in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $19 | $188 | $1 | $1 | — | — |
| 2020 | $1 | $10 | $3K | $1 | — | — |
| 2015 | $14K | $16K | $21K | $1 | — | View 990 |
| 2014 | $0 | $41K | $23K | $0 | — | View 990 |
| 2013 | $0 | $2K | $64K | $0 | — | View 990 |
| 2012 | $0 | $610 | $376K | $0 | — | View 990 |
| 2011 | $0 | $773 | $377K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $19, expenses of $188, and assets of $1 (revenue +1800.0% year-over-year).
- 2020: Revenue of $1, expenses of $10, and assets of $3K (revenue -100.0% year-over-year).
- 2015: Revenue of $14K, expenses of $16K, and assets of $21K.
- 2014: Revenue of $0, expenses of $41K, and assets of $23K.
- 2013: Revenue of $0, expenses of $2K, and assets of $64K.
- 2012: Revenue of $0, expenses of $610, and assets of $376K.
- 2011: Revenue of $0, expenses of $773, and assets of $377K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chant Foundation:
Data Sources and Methodology
This transparency report for Chant Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.